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August 21, 2018, Tuesday

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YOUR MORNING NEWSLETTER IN ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

Power Companies See Better Margins On Soaring Summer Demand

Power Companies See Better Margins On Soaring Summer Demand

Power companies expect better margins this summer owing to higher electricity demand on the back of rising temperatures earlier than previous years.

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Stage Set For Second Round Of Bidding For Essar Steel

Stage Set For Second Round Of Bidding For Essar Steel

Bankers are expecting three hot contenders for the debt-laden Ruia-promoted Essar Steel when it comes up for the second round of bidding.

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Numetal Offers To Buy 70% Stake In Essar Steel’s Raw Material Supplier

Numetal Offers To Buy 70% Stake In Essar Steel’s Raw Material Supplier

Numetal Mauritius, which is contesting the rejection of its bid for Essar Steel Ltd, has offered to repay all of the debt of Odisha Slurry Pipeline Infrastructure Ltd, a crucial raw material supplier to the steelmaker, to get hold of a 70% stake from the firm’s current promoter, SREI Infrastructure Finance Ltd, a person close to the development told Mint on condition of anonymity.

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Avaada Power In Talks State Govts For Floating Solar Projects

Avaada Power In Talks State Govts For Floating Solar Projects

Renewable energy firm Avaada Power is in talks with various states governments to set up floating solar projects and expects some large tenders to be floated in the next two months, a top company official said.

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Discoms Face Financial Stress As Coal Shortages Drive Up Tariffs

Discoms Face Financial Stress As Coal Shortages Drive Up Tariffs

Coal shortages have put state-run power generation and distribution companies in a tight spot operationally and financially, especially with a searing summer forecast by the Met Department.

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MCL Achies Highest-ever Coal Production At 143 MT

MCL Achies Highest-ever Coal Production At 143 MT

Mahanadi Coalfields Ltd (MCL) today said it has recorded highest-ever coal production in 2017-18 which is 2.8 per cent higher than 139.21 million tonne dry fuel mined during the previous fiscal.

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Western Coalfields Sees Record 46.22 Mt Production In FY18

Western Coalfields Sees Record 46.22 Mt Production In FY18

Western Coalfields (WCL), a Coal India (CIL) subsidiary, has registered a rise in coal production for the fourth consecutive year with 46.22 million tonne during 2017-18, surpassing its own record of 45.7 mt coal production during 2009-10.

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Coal India Sets 20 GW Solar Power Generation Target In Next 10 Yrs

Coal India Sets 20 GW Solar Power Generation Target In Next 10 Yrs

Government-owned miner Coal India Ltd is planning to generate about 20,000 megawatt (MW) in the next 10 years as part of its diversification plan, a senior company official has said.

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Rooftop Solar Plan Yet To Get Off Ground In Residential Sector

Rooftop Solar Plan Yet To Get Off Ground In Residential Sector

It may take Delhi a while before it becomes a climate-friendly city, as envisioned by the Delhi government in its latest budget.

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Restoration Of Power Supply In Arunachal Pradesh To Take Few More Days: Minister

Restoration Of Power Supply In Arunachal Pradesh To Take Few More Days: Minister

Arunachal Pradesh Power Minister Tamiya Taga on Sunday said total restoration of electricity supply in eastern part of the state which was disrupted due to Thursday’s cyclonic storm would take a few more days.

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New Electricity Tariff Effective Sans Subsidy

New Electricity Tariff Effective Sans Subsidy

The new electricity tariff for fiscal 2018-19 was made effective on Sunday without announcement of corresponding subsidy by the state government.

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Scrapped Captive Coal Mines: Production Around Half The Financial Year 2015 Peak

Scrapped Captive Coal Mines: Production Around Half The Financial Year 2015 Peak

Forty-two months after the Supreme Court cancelled 204 captive coal block licences saying these had been allocated in an illegal and arbitrary manner, production from these blocks are far below the level before the court’s decision.

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India Key Partner In Promoting Strategic Energy Security Goals:US

India Key Partner In Promoting Strategic Energy Security Goals:US

A day after India received its first LNG cargo from the US under a long-term supply deal, the Trump administration has said that New Delhi is a key partner in promoting its strategic energy security goals.

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Tata Steel Sales Up 11 Per Cent In Fy’18

Tata Steel Sales Up 11 Per Cent In Fy’18

Tata Steel has registered a growth of 11 per cent after it achieved highest-ever annual sales of 12.13 million tonnes in FY’18, as per provisional data.

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The Energy Goldmine

The Energy Goldmine

Three years ago, India made global news when the Finance Minister, in his Budget speech, set the country's renewable energy target at 1,75,000 MW, to be achieved by 2022.

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Linking Solar Energy With Agriculture In India

Linking Solar Energy With Agriculture In India

The World Economic Forum annual meeting last month revealed some startling facts about India and the world’s economy.

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Putting Electric Vehicles Before The Policy Cart

Putting Electric Vehicles Before The Policy Cart

A WhatsApp message currently being circulated explains in great detail why global investors prefer to invest in China rather than India.

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Oil Ministry Asks Regulator To Resolve Conflict Of Interest In GAIL India

Oil Ministry Asks Regulator To Resolve Conflict Of Interest In GAIL India

The oil ministry has asked sector regulator PNGRB to look at unbundling of companies like GAIL India Ltd to resolve the conflict of interest in being both the transporter and marketer of natural gas.

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Delhi Becomes First Indian City To Get Ultra-clean Euro-VI Grade Fuel

Delhi Becomes First Indian City To Get Ultra-clean Euro-VI Grade Fuel

In order to tackle the alarming level of air pollution in Delhi, the state-owned oil firms will supply ultra-clean Euro-VI grade diesel and petrol from Sunday.

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Indian Oil Corp Plans Rs 1.4 Lakh Crore Investment In Next 5 Years To Double Production Capacity

Indian Oil Corp Plans Rs 1.4 Lakh Crore Investment In Next 5 Years To Double Production Capacity

State-owned Indian Oil Corporation (IOC) is planning a mega-investment of Rs 1.4 lakh crore in a bid to double its annual production capacity to 3.2 million barrels per day by 2030

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Gail Arm To Invest Rs 3,000 Cr In Dabhol Terminal To Double Capacity To 10 Mt

Gail Arm To Invest Rs 3,000 Cr In Dabhol Terminal To Double Capacity To 10 Mt

The newly-created arm of state-run gas major Gail India, Konkan LNG, will pump in around Rs 3,000 crore to double the capacity at its liquefied natural gas (LNG) terminal at Dabhol in the Konkan region of Maharashtra to 10 million tonne over the next three years.

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What Saudi Arabia’s 200 GW Solar Power Plant Would Look Like—if Placed In Your Neighborhood
Ratnagiri Refinery: Dharmendra Pradhan Says Open To Offer Majority Stake

Ratnagiri Refinery: Dharmendra Pradhan Says Open To Offer Majority Stake

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramco's interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri, which when completed will be the largest single location refinery complex in the world with a capacity of 60 million tonne.

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Petrol Price Hits 4-yr High, Diesel At Highest Level

Petrol Price Hits 4-yr High, Diesel At Highest Level

Petrol price today hit a four-year high of Rs 73.73 a litre while diesel rates touched an all-time high of Rs 64.58 in the national capital, renewing calls for the government to cut excise tax rates.

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Crude Oil Holds The Key

Crude Oil Holds The Key

The single variable most strongly associated with India's macro-economic trends is the price of crude oil. The correlation is negative.

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Why Fuel Prices Are Skyrocketing, And Will Remain So

Why Fuel Prices Are Skyrocketing, And Will Remain So

Petrol prices shot up to a four-year high of Rs 73.73 per litre on April 1 in Delhi, while diesel rates soared to Rs 64.58 in Delhi.

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How India’s Oil Companies Lose Pricing Freedom In Poll Season

How India’s Oil Companies Lose Pricing Freedom In Poll Season

In 2010, the government decontrolled petrol pricing. Four years later, it deregulated prices of diesel, too.

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PM Puts Brakes On Railways’ Full-electrification Plan

PM Puts Brakes On Railways’ Full-electrification Plan

A high-level meeting chaired by Prime Minister Narendra Modi is learnt to have suggested to the Indian Railways to not rush through unilaterally with its grand drive of 100 per cent electrification of the country’s railway network.

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Indian Railways Just Put This Key In Your Hands; Use It Well

Indian Railways Just Put This Key In Your Hands; Use It Well

Indian Railways has just taken the next step to make sure your next trip to railway stations and on trains is one that brings you nothing but joy!

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Goyal's Gift For Rly Employees In Exam Season: PM's Book, Personalised Letter

Goyal's Gift For Rly Employees In Exam Season: PM's Book, Personalised Letter

Apr 1 Weeks before they were to appear for their exams, children of around 3,000 employees of railway and coal ministries in Delhi received a personalised letter from Railway Minister Piyush Goyal, along with a copy of Prime Minister Narendra Modi's book 'Exam Warriors', asking them to take lessons from it, sources have revealed.

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NHAI collaborates with PFC for Green Highway in Nagpur

Govt Funding Mode Helps NHAIAwards Highest Project Length Ever

Delegating power to National Highways Authority of India Board to sanction projects in engineering procurement contract (EPC) mode – where government fully funds the project — has helped NHAI achieve an all time high project award of 7,400 km in fiscal 2017-18, according to a release.

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GRInfraprojects Eyes $2 Bn Valuation In IPO, May File DRHP With Sebi In April

GRInfraprojects Eyes $2 Bn Valuation In IPO, May File DRHP With Sebi In April

GR Infraprojects Ltd, an infrastructure developer backed by Motilal Oswal Private Equity, is seeking a valuation of close to $2 billion as it looks to file IPO documents with the markets regulator, three people aware of the development said.

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SCR's Freight Loading Crosses 100 MTs In 2017-18

SCR's Freight Loading Crosses 100 MTs In 2017-18

Apr 1 () South Central Railway (SCR) today said it had transported 103 million tonnes (MTs) of freight during the fiscal 2017-18, around six MTs more the previous financial year.

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All-Woman Station Move Reversed

All-Woman Station Move Reversed

Western’s decision to deploy only women employees at Maninagar railway station has been rescinded within a fortnight. Now, only a few women remain on the staff of 36.

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Want To Experience Royalty? Here Are Five Luxurious Indian Trains To Hop On

Want To Experience Royalty? Here Are Five Luxurious Indian Trains To Hop On

One doesn’t necessarily need to be of Royal lineage to travel in style as these five luxurious trains let you travel around the country like you were royalty.

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Indian Railways To Pay Contractors Based On Cleanliness Rating By Passengers

Indian Railways To Pay Contractors Based On Cleanliness Rating By Passengers

Passengers will now rate cleanliness standards in trains and stations which will directly impact payment of contractors with low scores, railways have said in a new contract drawn up for such services.

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Trust

India Blacklists UAE Shipping Recruiting Agencies

India has blacklisted some of the UAE-based shipping recruiting agencies, which abandoned Indian seafarers stranded in Dubai for last 22 months.

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Sunday Mega Block: Local Trains Schedule Of Central, Western And Harbour Line

Sunday Mega Block: Local Trains Schedule Of Central, Western And Harbour Line

Local train services on Central and Harbour Line will be affected on Sunday, April 1, following a mega block.

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On The Right Track: Integrated Security Plan For 4 Railway Stations Of Rajasthan

On The Right Track: Integrated Security Plan For 4 Railway Stations Of Rajasthan

Four railway stations of the state coming under NWR have been included in the Integrated Security Plan started by ministry of railways.

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At 176 Kmph, These Two Upcoming Trains May Be India’s Fastest Ever!

Passengers To Rate Cleanliness On Trains

Passengers will now rate cleanliness standards in trains and stations which will directly impact payment of contractors with low scores, railways have said in a new contract drawn up for such services.

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